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Jon Bon Jovi Gives Up Livin’ on a Prayer; Cuts Penthouse Price (pics!)

Jon Bon Jovi is taking another whack at the Manhattan real estate market, relisting his penthouse for $37.5 million.

Jon Bon Jovi is taking another whack at the Manhattan real estate market, relisting his penthouse for $37.5 million.

Jon Bon Jovi’s Manhattan dream pad is turning into a bit of a nightmare. He’s just re-listed the massive SoHo penthouse for the second time, with a new asking price, $37.5 million, down by 9 percent from it’s original $42 million price.

The property, located in the New Museum Building, 158 Mercer Street, is a massive 7,452-square-foot duplex with three private terraces, fire places, six bedrooms and expansive views of the city.

Justin Timberlake, Kelly Ripa and socialite/journalist Ariana Huffington also live in the neighborhood.

The duplex is priced at about $5,000 a square foot, which is still pretty dicey even by Manhattan standards. Any buyers also must be heavily into metal and glass.

Bon Jovi bought the condo for a more scaled $24 million, or $3220 per square foot, in 2007. He renovated the space from top to bottom and he’s throwing in the furniture as part of a sale, as well.

Although prices in Manhattan have been on the rise, upper-brackets condos are seeing some softness. Bon Jovi’s pad is a case in point.

The Jersey rocker listed the property for $42 million last March, after trying to sell it privately, according to Curbed, a real estate tracking Web site.

He cut the price to $39 million in September after no buyers surfaced and still had no luck. Now it’s back with the new price.

There’s no question it’s a grand abode fit for a rock star.

The first floor includes a great room with a wood-burning fireplace, a dining area, chef’s kitchen all under 11-foot ceilings.

The master bedroom suite has rare arched windows, according to brokerage Douglas Elliman, which has the listing. The bedroom includes a walk-in closet and dressing room.

A stairway to the second floor, also elevator accessible, contains “more formal” living space, including a massing dining area, another wood-burning fireplace and a second kitchen.

A screening room, additional bedroom and one and a half bathrooms round out the second level.

At 12 floors, the building is one of the tallest in SoHo. It was built in 1897 to house offices and the New Museum of Contemporary Art located there in 1996. It has since been converted to 19 condos.

A three-bedroom unit is currently on the market for $10.5 million.

Raphael De Niro of Douglas Elliman and Leonard Steinberg of Urban Compass share the listing.

Jon Bon Jovi Lists Penthouse on Wing, Prayer (Click Photos to Enlarge!)
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